The U.S. Congress passes the $1.9tn virus stimulus bill and sends it onto President Biden to sign into law. The Dow hits a record high, while U.S. Treasury yields pare down after moderate take-up in the latest 10-year auction. Across the Atlantic, ECB policy makers react with caution over rising sovereign bond yields ahead of today’s central bank meeting. GE is to sell its jet-leasing business to Ireland’s AerCap. The $30bn deal will create the sector’s largest lessor by market share. And South Korea’s answer to Amazon, Coupang, raises $4.2bn ahead of its NYSE listing – the biggest IPO in the U.S. this year so far.

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